Asset Depreciation

Few investors realize rental properties offer annual deductions averaging $3,000-$5,000 per unit through strategic cost recovery methods. This financial tool helps owners offset taxable income while maintaining asset value – yet 67% underuse its potential according to Canadian Revenue Agency data. Savvy investors treat buildings as gradually aging assets. Instead of bearing full purchase costs upfront,...

When managing income-generating assets like rental properties, owners often overlook a critical financial tool: the gradual reduction of an asset’s recorded value. This process helps investors balance expenses over decades rather than facing steep upfront costs. For Canadian landlords, it’s a strategic way to optimize cash flow while complying with tax regulations. At Mark Verzyl Real Estate in...